Goodyear Announces Price Increases

Goodyear Tire & Rubber has announced that it will raise prices on its consumer, commercial, farm and OTR tyres, effective the 1 September.

Consumer tyre prices will increase by up to five per cent and commercial tyre prices by two per cent. Farm tyre prices are set to go up by five per cent and OTR tyre prices will rise between three and five per cent.

According to a Goodyear spokesman all brands will be affected by the price increase. Company officials are citing escalating raw material costs, higher energy rates and rising transportation costs as the reasons behind the price rises.